Qu Yu, chief financial officer of NIO Auto, said at the company's semi-annual report meeting today that the cost side is under high pressure this year. Starting in March, the cost of memory, bulk materials, and batteries all increased. Bike costs in the second quarter increased by an average of about 14,000 yuan compared to the end of last year. There is a risk that material costs will continue to rise in the second half of the year and are expected to be 2000-3000 yuan. “NIO aims to maintain the gross bicycle profit in the third and fourth quarters at the level of the second quarter.”

Qu Yu, chief financial officer of NIO Auto, said at the company's semi-annual report meeting today that the cost side is under high pressure this year. Starting in March, the cost of memory, bulk materials, and batteries all increased. Bike costs in the second quarter increased by an average of about 14,000 yuan compared to the end of last year. There is a risk that material costs will continue to rise in the second half of the year and are expected to be 2000-3000 yuan. “NIO aims to maintain the gross bicycle profit in the third and fourth quarters at the level of the second quarter.”